Investment - Homes for Sale in Austin, TX

• 

  

  

  /13

  $347,500

  • 2 Beds
  • 1.5 Baths
  • 992 Sq Ft

  3808 Southway Dr Unit 101, Austin, TX 78704

  *No STR Restrictions – Rare Opportunity in Austin* End-lot condo in 78704 sharing only one wall, offering added privacy, abundant natural light, and two dedicated parking spaces — just minutes from South Lamar, downtown Austin, and some of the city’s best dining and coffee shops. This modern 2-bedroom, 1.5-bath condo features an efficient open-concept layout designed for comfortable everyday

  Steven Koleno Beycome Brokerage Realty LLC

  3808 Southway Dr Unit 101, Austin, TX 78704
• 

  

  

  /10

  $275,000

  • 2 Beds
  • 1 Bath
  • 624 Sq Ft

  1311 E 52nd St Unit 2, Austin, TX 78723

  Charming and move-in ready two-bedroom condo in Central-East Austin. Ideally nestled between the vibrant Mueller district and established Windsor Park, and just moments from the Mueller Retail Center, the location truly can’t be beat.Enjoy quick access to downtown Austin, H-E-B, UT, Alamo Drafthouse, and an incredible variety of local shops and restaurants. With easy connectivity to I-35,

  Lindsay Dillard Douglas Elliman Real Estate

  1311 E 52nd St Unit 2, Austin, TX 78723
• 

  

  

  /29

  $399,000

  • 3 Beds
  • 1 Bath
  • 1,170 Sq Ft

  1005 Arthur Stiles Rd, Austin, TX 78721

  Perfect East Austin starter home exuding investment opportunity! This is one darling home with excellent curb appeal that has been lovingly maintained and is located in a hot little pocket of East Austin! Just some of the features incude updated kitchen & bath, recessed lighting, recent fixtures, roof approximately two years old, energy-efficient double pane windows, HVAC replaced 2022,

  Annie Bright Allure Real Estate

  1005 Arthur Stiles Rd, Austin, TX 78721
• 

  

  

  /37

  $949,999

  • 4 Beds
  • 2 Baths
  • 1,834 Sq Ft

  809 E 44th St, Austin, TX 78751

  Charming Hyde Park Opportunity - Two stand alone homes on one lot! Built-In Income at 809 East 44th Street, both homes are 2 bed/1 bath. Discover the perfect blend of comfort, convenience, and investment potential. Nestled in the heart of Austin’s coveted Hyde Park neighborhood, this charming duplex offers a unique living arrangement ideal for investors. The leased front house features 2 cozy

  Hanalei Myers Coldwell Banker Realty

  809 E 44th St, Austin, TX 78751
• 

  

  

  /27

  $845,000

  • 2 Beds
  • 2 Baths
  • 982 Sq Ft

  48 East Ave Unit 3209, Austin, TX 78701

  This fully furnished top-floor 2-bedroom, 2-bathroom residence is thoughtfully designed with upscale finishes and turnkey convenience. Sold complete with appliances, housewares, and sophisticated furnishings. Natiivo is zoned as a hotel, which allows each owner the ability to rent their condo as often as they’d like. There are no restrictions on short-term or long-term rentals, offering unmatched

  Georgia Spiropoulos Christie's Int'l Real Estate

  48 East Ave Unit 3209, Austin, TX 78701
• 

  

  /17

  $385,000

  • Land
  • 0.25 Acre
  • $1,563,769 per Acre

  5606 1/2 Joe Sayers Ave, Austin, TX 78756

  This lot is ready to build your dream home or investment project. Currently zoned SF-3 allowing for Single Family Residential (SFR) SFR with ADU (accessory dwelling unit) or Duplex. It is recommended to confirm zoning is acceptable for buyer’s intended use. This is a build-ready 1/4 acre lot in a great location with easy access to major highways. The neighborhood is a mix of modern, mid-century,

  Karen Choate Coldwell Banker Realty

  5606 1/2 Joe Sayers Ave, Austin, TX 78756
• 

  

  /4

  $650,000

  • Land
  • 0.15 Acre
  • $4,350,736 per Acre

  900 Willow St, Austin, TX 78702

  Presenting a rare development opportunity in the heart of the East Cesar Chavez neighborhood with the vacant lot at 900 Willow Street. This 6,508-square-foot cleared parcel is available for individual purchase or can be acquired alongside the adjoining lot at 806 Willow Street for a combined 0.299-acre footprint. Both parcels are offered at separate pricing, providing a developer the flexibility

  Anthony Gibson Keller Williams Realty

  900 Willow St, Austin, TX 78702
• 

  

  /40

  $3,500,000

  • 9 Beds
  • 3.5 Baths
  • 4,916 Sq Ft

  109 E 10th St, Austin, TX 78701

  The iconic and historic Wooten building! Built in 1876, 4916 SF ,2744 SF Lot. Walkable downtown location just 0.2 miles from the Texas State Capitol. 3 stories, multiple balconies, high ceilings, original wood detail, natural light, 10+ rooms. Iconic and historic commercial opportunity known as The Wooten Building, in the Heart of Downtown Austin. Located in the vibrant and desirable downtown

  Hannah Nemes Christie's Int'l Real Estate

  109 E 10th St, Austin, TX 78701
• 

  

  /13

  $985,000

  • 5 Beds
  • 2 Baths
  • 2,588 Sq Ft

  5405 Prock Ln, Austin, TX 78721

  Rare opportunity to own a prime large lot in East Austin (0.464 AC per TCAD). Many recently constructed homes surround this home which enchants the desirability of this property. Build your home or build an investment property in a highly desirable area. The property at 5405 Prock Lane is zone SF-3 NP zoning district and consists of 3 platted lots. You can now build 3 units or more on each

  Linda Del Toro Del Toro Realty

  5405 Prock Ln, Austin, TX 78721
• 

  

  /14

  $179,900

  • 1 Bath
  • 373 Sq Ft

  4701 Red River St Unit 102, Austin, TX 78751

  Capitalizing on location & long-term value, this Central Austin condo offers an incredible opportunity to own in one of the city’s most connected corridors. Positioned in Red River North Condominium, you’ll enjoy simplified ownership while building equity in a high-demand area. Zoned to Ridgetop Elementary, Lamar Middle & McCallum High , the setting places you near established schools, local

  Tristan Ahlquist Real Broker, LLC

  4701 Red River St Unit 102, Austin, TX 78751
• 

  

  /4

  $385,000

  • Land
  • 0.17 Acre
  • $2,219,020 per Acre

  3911 Keats Dr, Austin, TX 78704

  Incredible opportunity to build in the highly sought after 78704 - and priced to sell! Prime location near 290 and South Lamar with all kinds of beloved Austin favorites nearby, like Easy Tiger, Broken Spoke, Matt's El Rancho, Radio Coffee, Kerbey Lane & Soup Peddler, to name a few. Per the owner, SF-5 Zoning provides opportunity to build single family, main house+adu, or small scale multi-family

  Renee McCharen Team Price Real Estate

  3911 Keats Dr, Austin, TX 78704
• 

  

  /29

  $300,000

  • 3 Beds
  • 2 Baths
  • 1,464 Sq Ft

  6008 Montrelia Dr, Austin, TX 78724

  This meticulously maintained Pioneer floor plan in the sought-after Tiermo community offers the perfect blend of modern efficiency and stylish comfort. Positioned in a rapidly growing Austin corridor near the Tesla Gigafactory, this home presents a premier opportunity for those looking to plant roots in an established yet vibrant newer neighborhood. The journey begins with an inviting brick

  Samuel McCathren Compass RE Texas, LLC

  6008 Montrelia Dr, Austin, TX 78724
• 

  

  /22

  $299,000

  • 1 Bed
  • 1 Bath
  • 500 Sq Ft

  1200 Enfield Rd Unit 205, Austin, TX 78703

  Welcome to the Miriam Residences: A boutique condo community in the heart of Old Enfield that blends Austin’s history with thoughtfully redesigned living. Neighboring the Historic Miriam “Ma” Ferguson Estate, the Miriam Residences offer timeless charm paired with modern convenience in an unbeatable central location. Unit 205 is a smartly designed second-floor residence that maximizes every inch

  Will Steakley DEN Property Group

  1200 Enfield Rd Unit 205, Austin, TX 78703
• 

  

  /32

  $515,000

  • 3 Beds
  • 2 Baths
  • 1,419 Sq Ft

  2008 Lear Ln, Austin, TX 78745

  Welcome to 2008 Lear, a beautifully maintained one-story residence located in the highly sought-after 78745 zip code, just minutes from Downtown Austin and some of the city’s most beloved lifestyle destinations. Thoughtfully designed with functionality and comfort in mind, this home offers an ideal layout featuring three bedrooms and two full bathrooms, perfect for both everyday living and

  Darshil Parikh Compass RE Texas, LLC

  2008 Lear Ln, Austin, TX 78745
• 

  

  /29

  $319,000

  • 3 Beds
  • 2 Baths
  • 1,290 Sq Ft

  8214 Cottage Rose Dr, Austin, TX 78744

  Welcome to 8214 Cottage Rose — a beautifully maintained 3-bedroom, 2-bath home with a dedicated office and laundry rooms, built in 2020. Located in the highly desirable Addison community in Southeast Austin, this move-in-ready home offers modern finishes, flexible space, and exceptional neighborhood amenities. Inside, you’ll find a bright, open-concept layout with tile and luxury vinyl plank

  Sherry LeBlanc Love Street Realty, LLC

  8214 Cottage Rose Dr, Austin, TX 78744
• 

  

  /38

  $409,000

  • 2 Beds
  • 2 Baths
  • 987 Sq Ft

  8142 Ceberry Dr Unit B, Austin, TX 78759

  Privacy is rare in condo living — but this Northwest Austin end-unit delivers. Tucked into the heart of 78759, 8142 Ceberry Dr #B offers thoughtful updates, abundant natural light, and a location that makes everyday living easy. Unlike many condos in the area, this home features its own truly private yard with higher privacy fencing — no shared common space — designed with low-maintenance

  Michelle Allen Compass RE Texas, LLC

  8142 Ceberry Dr Unit B, Austin, TX 78759
• 

  

  /12

  $360,000

  • 3 Beds
  • 2.5 Baths
  • 1,922 Sq Ft

  11608 Roxburgh Pass, Austin, TX 78754

  Beautiful two-story home located on a quiet cul-de-sac with an oversized private backyard — perfect for relaxing, entertaining, or future outdoor upgrades. This 3-bedroom, 2.5-bath home features wood flooring downstairs, a spacious kitchen with granite countertops and stainless-steel appliances, and dual AC units for added comfort.Enjoy a covered patio overlooking a large backyard with

  Viktoriia Jones Christie's Int'l Real Estate

  11608 Roxburgh Pass, Austin, TX 78754
• 

  

  /36

  $487,700

  • 4 Beds
  • 2.5 Baths
  • 1,340 Sq Ft

  1315 Clearfield Dr Unit 2, Austin, TX 78758

  Gorgeous New Construction Home located in the heart of North Austin! Only minutes from The Domain & Q2 Stadiumwith quick access to downtown, work and play are at your fingertips. A thoughtfully designed floorplan boasts aMaster/Primary Bedroom downstairs with ensuite bathroom, living area, kitchen, laundry and half bath on the mainfloor. Upstairs has an two additional bedrooms with a

  William Wilson Holby Homes, LLC

  1315 Clearfield Dr Unit 2, Austin, TX 78758
• 

  

  /22

  $485,000

  • 1 Bed
  • 1 Bath
  • 862 Sq Ft

  210 Lee Barton Dr Unit 421, Austin, TX 78704

  Bridges on the Park is for the buyer who wants downtown Austin, but not the cookie-cutter version. This 1 bed / 1 bath condo (an end unit, at that) in iconic 78704, brings the luxury midrise lifestyle with a little edge: modern, clean-lined interiors, big windows, city views, and a location that puts you basically on the park and lake and right in the middle of Austin’s best weird-and-wonderful

  Jean Bruns Christie's Int'l Real Estate

  210 Lee Barton Dr Unit 421, Austin, TX 78704
• 

  

  /38

  $1,950,000

  • 4 Beds
  • 2 Baths
  • 2,371 Sq Ft

  2109 Brackenridge St, Austin, TX 78704

  Excellent investment opportunity featuring a primary residence plus two separate income-producing guest suites on site. Each unit offers private living space, providing flexibility for long-term or short-term rentals. Conveniently located near local amenities along South Congress, including brand new HEB making it attractive to tenants and owner-occupants alike. This property offers thriving

  Taylor Drolette Douglas Elliman Real Estate

  2109 Brackenridge St, Austin, TX 78704
• 

  

  /37

  $535,000

  • 3 Beds
  • 2 Baths
  • 1,379 Sq Ft

  5921 Hi Line Rd Unit 1303, Austin, TX 78734

  Love the lake lifestyle without the upkeep? Experience refined waterfront living at The Waterfall, one of the most sought-after luxury lake condos on Lake Travis designed by the renowned Cornerstone Group Architects. This unique five-story condominium with 35 units offers resort-style amenities , panoramic water views, and lock-and-leave convenience. Ideally positioned along the coveted south

  Charlotte Sanders Kuper Sotheby's Int'l Realty

  5921 Hi Line Rd Unit 1303, Austin, TX 78734
• 

  

  /20

  $267,000

  • 2 Beds
  • 2 Baths
  • 985 Sq Ft

  3840 Far West Blvd Unit 206, Austin, TX 78731

  Just seven miles north of Downtown and UT, this 2-bed, 2-bath condo in Far West is the kind of spot that makes sense, for living now and for long-term investment later. It’s tucked inside a gated, 50-unit community along Far West Blvd, where errands are easy and your coffee routine is even easier (Epoch is right next door). Inside, it’s bright and open with vaulted ceilings and wood look,

  John Richardson Compass RE Texas, LLC

  3840 Far West Blvd Unit 206, Austin, TX 78731
• 

  

  /38

  $380,000

  • 3 Beds
  • 3 Baths
  • 1,542 Sq Ft

  2918 Ranch Road 620 N Unit C120, Austin, TX 78734

  Welcome to one of the most beautifully updated condos at The Villas on Travis! This 3-bedroom, 3-bath condo offers refined finishes, exceptional comfort, and true lock-and-leave convenience. From morning coffee on your private balcony to evening sunsets off the second deck just outside the primary suite — complete with lake views — everyday life feels like a getaway. The reimagined kitchen

  Jennifer Pierson Coldwell Banker Realty

  2918 Ranch Road 620 N Unit C120, Austin, TX 78734
• 

  

  /20

  $179,000

  • 1 Bed
  • 1 Bath
  • 592 Sq Ft

  1800 Lavaca St Unit 515, Austin, TX 78701

  Enjoy true downtown Austin living in this stylish, updated condo at Greenwood Towers. Ideally located just steps from the University of Texas campus, the Texas Capitol, and Austins vibrant downtown core, this condo living offers exceptional walkability and everyday convenience. From here, you can easily stroll to nearby landmarks including the Blanton Museum of Art, the Bob Bullock Texas State

  John Dunham Compass RE Texas, LLC

  1800 Lavaca St Unit 515, Austin, TX 78701
• 

  

  /24

  $144,999

  • 1 Bed
  • 1 Bath
  • 464 Sq Ft

  1840 Burton Dr Unit 131, Austin, TX 78741

  Welcome to this beautifully remodeled condo offering modern style, comfort, and unbeatable convenience. Thoughtfully updated throughout, this move-in-ready home features ceramic tile flooring that provides durability. The kitchen has been fully renovated with updated cabinetry, granite countertops, and a stylish tile backsplash, complemented by stainless steel appliances for a polished finish. A

  John Martin Keller Williams Realty

  1840 Burton Dr Unit 131, Austin, TX 78741
• 

  

  /36

  $525,000

  • 4 Beds
  • 2 Baths
  • 1,702 Sq Ft

  11301 Oakwood Dr, Austin, TX 78753

  Discover a rare investment opportunity at 11301 Oakwood Dr, Austin—an updated duplex in North Austin that blends income potential with modern charm. Featuring updated vinyl plank flooring and thoughtful renovations, this turnkey Austin duplex for sale is ideal for investors or owner-occupants. One unit operates as a fully furnished, successful Airbnb, while the other is ready for a new long term

  Ola Thompson eXp Realty, LLC

  11301 Oakwood Dr, Austin, TX 78753
• 

  

  /32

  $600,000

  • 3 Beds
  • 2 Baths
  • 1,947 Sq Ft

  4507 Pack Saddle Pass, Austin, TX 78745

  Don’t miss this beautifully updated 3-bedroom, 2-bath ranch-style home offering 1,947 sq ft of comfortable living space on an oversized lot—complete with direct access to the park from your own backyard! Located in the highly desirable Western Trails neighborhood, this home has been thoughtfully updated with a new garage door, tankless water heater, roof, HVAC, gutters, energy-efficient windows,

  Hanalei Myers Coldwell Banker Realty

  4507 Pack Saddle Pass, Austin, TX 78745
• 

  

  /34

  $219,000

  • 2 Beds
  • 2 Baths
  • 1,017 Sq Ft

  1601 Faro Dr Unit 704, Austin, TX 78741

  Welcome to 1601 Faro Drive, Unit 704 — a meticulously maintained 2-bedroom, 2-bathroom end-unit condo offering comfort, privacy, and an unbeatable Austin location. This thoughtfully updated home features new flooring, fresh interior paint, updated light fixtures, and recently added appliances, including a refrigerator and washer/dryer — all conveying with the sale. The open-concept layout is

  John Martin Keller Williams Realty

  1601 Faro Dr Unit 704, Austin, TX 78741
• 

  

  /15

  $452,880

  • 2 Beds
  • 2.5 Baths
  • 1,529 Sq Ft

  3108 E 51st St Unit 601, Austin, TX 78723

  *Rare 2-story contemporary home with Master bedroom upstairs in high vibe Austin area near fast growing Mueller community, with easy access to major highways (183, 290, 130, I-35). This home in gated community has nice upgrades with high ceiling, open kitchen and recess light, stainless steel appliances, loft for office or play, ceiling fans to cool and save energy, corner unit with longer

  Danny Chen Austin ONE Realty

  3108 E 51st St Unit 601, Austin, TX 78723
• 

  

  /37

  $4,350,000

  • 6 Beds
  • 6.5 Baths
  • 7,536 Sq Ft

  405 Barrett Ln, Austin, TX 78733

  This rare offering in Rob Roy on the Lake spans over 7,500 square feet across two thoughtfully designed structures, creating a true multi-generational estate with limitless flexibility. Built to adapt to evolving lifestyles, the property can offer three independent living quarters while maintaining a unified sense of luxury. The 5,800-square-foot main residence features elegant formal living and

  Heather Hudson Compass RE Texas, LLC

  405 Barrett Ln, Austin, TX 78733
• 

  

  /13

  $649,000

  • Land
  • 0.15 Acre
  • $4,469,697 per Acre

  2806 E 3rd St, Austin, TX 78702

  Residential Developers! Incredible location & highly desirable 6,324 SF lot in East Austin. This property offers an exceptional opportunity for investment or development. This location gives easy access to dining, shopping, entertainment on the East Side. It is a 6 minute walk to the lake, a 10 minute ride to the airport and a 7 minute drive to Downtown Austin.

  Bernardo De Alba Urbanspace

  2806 E 3rd St, Austin, TX 78702
• 

  

  /40

  $435,000

  • 3 Beds
  • 2 Baths
  • 1,628 Sq Ft

  4904 Eastdale Dr, Austin, TX 78723

  East Side Opportunity! Built in 2013, this beautifully maintained home blends modern finishes with the charm and space of an established neighborhood. Truly move-in ready, it offers a functional 3-bedroom, 2-bath layout designed for comfortable living. Enjoy energy efficiency and low utility bills with owned (not leased) solar panels installed and maintained by Freedom Solar, plus double-pane

  William Dupuy TX Brokers

  4904 Eastdale Dr, Austin, TX 78723
• 

  

  /38

  $279,000

  • 2 Beds
  • 1 Bath
  • 702 Sq Ft

  2902 Cole St Unit 311, Austin, TX 78705

  Prime location near the University of Texas campus and Downtown Austin. This recently renovated 2-bedroom, 1-bath condo is ideally situated near Dean Keaton and Red River, just minutes from campus and city hotspots. Thoughtful updates include a newer A/C system, wood-look tile flooring, fresh interior paint, quartz kitchen countertops, updated vanity, built-in desks, and a refrigerator—making it

  Drew Roicki eXp Realty LLC

  2902 Cole St Unit 311, Austin, TX 78705
• 

  

  /3

  $399,000

  • Land
  • 0.5 Acre
  • $798,000 per Acre

  412 S Capital of Tx Hwy, Austin, TX 78746

  Unique 0.50 acre parcel tucked into a highly desirable South Austin area just off South Capital of Texas Highway (Loop 360). Surrounded by established residential and commercial properties, this tract offers a rare chance to secure land in a location where opportunities are increasingly limited. The property is accessed by a dirt road and is heavily treed, offering privacy and a natural setting

  David Buttross Buttross Properties

  412 S Capital of Tx Hwy, Austin, TX 78746
• 

  

  /19

  $365,000

  • 1 Bed
  • 1 Bath
  • 758 Sq Ft

  2220 Webberville Rd Unit 211, Austin, TX 78702

  Located within Axiom East, one of East Austin’s most design-forward condo communities, Residence 211 offers a refined one-bedroom living experience in the center of one of Austin’s most vibrant neighborhoods. The interior is thoughtfully designed with a spacious open floor plan, warm hardwood flooring, and clean modern finishes throughout. The kitchen serves as the centerpiece of the home,

  Bridget Ramey Kuper Sotheby's Int'l Realty

  2220 Webberville Rd Unit 211, Austin, TX 78702
• 

  

  /6

  $295,000

  • 4 Beds
  • 3 Baths
  • 1,510 Sq Ft

  603 W Grady Dr, Austin, TX 78753

  Rare opportunity to make your dream HOUSE/DUPLEX/TRIPLEX Extra Large SF3 Lot. This charming Mid-Century Modern bungalow, currently configured as a single-family residence with an attached duplex (convertible to a triplex), presents a prime opportunity for renovation and investment in Austin's rapidly appreciating North Lamar neighborhood. Situated on a spacious 10,500 sq ft lot zoned SF-3 (which

  Edward Mcclintick Joseph Walter Realty, LLC

  603 W Grady Dr, Austin, TX 78753
• 

  

  /3

  $98,000

  • Land
  • 0.35 Acre
  • $276,914 per Acre

  TBD Veldt Dr, Austin, TX 78725

  Live off the grid with easy access to the city. Located in Austin’s ETJ with minimal restrictions, this 1/3-acre corner lot offers a rare, affordable opportunity in a rapidly growing area. Buyers must build above the floodplain (approximately 2 ft above BFE) and will be solely responsible for installing all utilities, including septic, water, and electricity. Add solar, water storage, propane,

  Adrienne Overton eXp Realty, LLC

  TBD Veldt Dr, Austin, TX 78725
• 

  

  /20

  $315,000

  • 1 Bath
  • 449 Sq Ft

  49 Navasota St Unit 205, Austin, TX 78702

  STR Allowed- Investor Friendly!! No STR License needed. Introducing Unit #205 at Holly House — a rare opportunity to own a fully furnished residence in Austin’s vibrant Holly neighborhood with exceptional flexibility. Located just blocks from Rainey Street and minutes to Downtown and South Congress, this boutique 30-unit condotel community offers the perfect blend of walkability and neighborhood

  Libby Leahy Compass RE Texas, LLC

  49 Navasota St Unit 205, Austin, TX 78702
• 

  

  /24

  $157,500

  • 2 Beds
  • 1.5 Baths
  • 1,072 Sq Ft

  6718 Silvermine Dr Unit 704, Austin, TX 78736

  Welcome to this charming condominium - Unit 704 - located in the highly desirable Oak Hill area. Nestled within the private and well-maintained Valley View Village community, this cozy condo offers comfort, convenience, and peace of mind. Enjoy a sparkling community pool perfect for relaxing weekends, along with the added benefit of a super secure and private setting. The incredible location

  Brenda Escandon Pure Realty

  6718 Silvermine Dr Unit 704, Austin, TX 78736
• 

  

  /23

  $849,900

  • 3 Beds
  • 2 Baths
  • 1,989 Sq Ft

  103 N Laurelwood Dr, Austin, TX 78733

  Welcome to 103 S Laurelwood Drive — a Rare Opportunity in Coveted Eanes ISD. Nestled on nearly 1/2 acre in the highly sought after Lake Ridge Estates, this unique property offers the perfect canvas for your dream home or a savvy investment in one of Austin’s most prestigious school districts. Surrounded by mature trees and Hill Country charm, the 0.42-acre lot provides a serene backdrop for

  Greg Rives Presidio Group, REALTORS

  103 N Laurelwood Dr, Austin, TX 78733

Showing Results 161 - 200, Page 5 of 11